Defi ecosystem managed by CoreDAO experiences a 40% growth in Q1, reaching a TVL of 1.1 billion CORE and launching lstBTC.
Bitcoin Finance is spearheading a new era, with Solv and Core at the helm. The expansion of Core's decentralized finance (DeFi) ecosystem has given rise to SolvBTC.CORE, now the largest asset on Colend, Core's flagship lending protocol. This growth is a testament to the symbiotic relationship between Solv Protocol and CoreDAO, as they jointly redefine Bitcoin's potential for yield generation through innovative on-chain strategies.
Powered by a suite of yield-enhancing tools, including Core's native Dual Staking and the forthcoming lstBTC token, this partnership is pushing the boundaries of Bitcoin Finance, making Bitcoin a productive asset while maintaining its decentralization.
In Q1 2025, Core's DeFi total value locked (TVL), measured in CORE, climbed 40% quarter-over-quarter to reach 1.1 billion CORE. Colend spearheaded this growth with 266.5 million CORE in TVL, surpassing other major Core-native protocols like Pell Network and BitFLUX. Simultaneously, the total value of staked CORE and BTC saw a 17% quarterly decline, primarily due to price drops. However, the increase in CORE staking (+3%) suggests faith in Core's long-term prospects. Noteworthy is that 35% of BTC stakers were also staking CORE for Dual Staking rewards, with the top 9% accounted for 59% of dual-staked CORE, demonstrating strong interest in yield-optimized strategies.
Core's Dual Staking model plays a pivotal role in this transformation of Bitcoin Finance. This system enables BTC holders to amplify their staking rewards via CORE token staking. Tiers like Boost, Super, and Satoshi offer increased yield multipliers based on the ratio of CORE staked to BTC. In recent developments, CoreDAO approved a proposition to raise CORE requirements for each reward tier, encouraging more substantial CORE participation.
The lstBTC token, in partnership with Maple Finance, is expected to introduce liquid yield opportunities. Issued on the Core network and collateralized by self-custodial BTC staking, lstBTC empowers BTC holders to maintain liquidity while cultivating passive income. Institutional partners like BitGo and Copper are anticipated to join the fold, further institutionalizing Bitcoin Finance.
Core's edge lies in its technological foundation, which includes Satoshi Plus consensus, Ethereum Virtual Machine (EVM) compatibility, and native support for Bitcoin staking. Unlike merge-mined sidechains, Core integrates Delegated Proof-of-Work (via Bitcoin miners), Delegated Proof-of-Stake (via CORE holders), and Self-Custodial BTC Staking using Bitcoin's native scripting. This constellation results in a decentralized yet programmable environment where Bitcoin becomes not just collateral, but a yield-generating engine.
Even amid a 27% quarterly dip in daily transactions and a 25% drop in active addresses, Core closed Q1 with 46.1 million unique wallets, a 32% increase. stCORE, Core's liquid staking token, also expanded 57% quarterly, mirroring demand for efficient staking mechanisms.
Together, Solv Protocol and CoreDAO's strategic alliance promises to redefine the future of Bitcoin Finance. As SolvBTC.CORE becomes a pillar of Colend, Dual Staking gains traction, and lstBTC prepares for launch, Bitcoin holders now have tools that allow their BTC to work harder without compromising custody or decentralization. With escalating interest from both institutions and retail investors, Core and Solv may soon shape the contours of an all-new Bitcoin Finance economy.
- The partnership between Solv Protocol and CoreDAO is driving Bitcoin Finance's new era, redefining Bitcoin's potential for yield generation through innovative on-chain strategies.
- The growth of Core's DeFi ecosystem, spearheaded by SolvBTC.CORE, has made it the largest asset on Colend, Core's flagship lending protocol.
- Core's Dual Staking model, with its yield-enhancing tools, is playing a pivotal role in this transformation, enabling BTC holders to amplify their staking rewards via CORE token staking.
- In Q1 2025, Core's DeFi total value locked (TVL) reached 1.1 billion CORE, with Colend spearheading this growth and surpassing other major Core-native protocols.
- The forthcoming lstBTC token, in partnership with Maple Finance, is expected to introduce liquid yield opportunities for BTC holders, allowing them to maintain liquidity while generating passive income.
- Core's edge lies in its technological foundation, including Ethereum Virtual Machine (EVM) compatibility, native support for Bitcoin staking, and a unique integration of Delegated Proof-of-Work, Delegated Proof-of-Stake, and Self-Custodial BTC Staking, resulting in a decentralized yet programmable environment.
